Saudi Arabia to go for IPO for Aramco? January 8, 2016 // 2 Comments It has been reported that Saudi Arabia is considering selling shares in its state-owned company, Saudi Arabian Oil Co. or [...]
Seismos announces new oil surveillance platform January 7, 2016 // 0 Comments Seismos Inc., a provider of subsurface fluid-flow imaging technology for the Oil and Gas industry, announced K-View CO2, a [...]
Oil prices fall to an 11-year low January 7, 2016 // 3 Comments Oil prices hit an 11-year low as the Brent crude oil price dipped 4.2% to US$34.88 per barrel. The current price is the [...]
TransCanada sues US gov’t over pipeline denial January 7, 2016 // 0 Comments TransCanada Corporation filed a Notice of Intent to initiate a claim under Chapter 11 of the North American Free Trade [...]
Export Pipeline Needed to Catalyse East African Oil Production Boom January 7, 2016 // 1 Comment With recoverable oil reserve estimates of approximately 750 and 600 million barrels (mmbbl) in Uganda and Kenya [...]
Statoil completes transactions with Repsol in Norway and US January 6, 2016 // 1 Comment Statoil and Repsol have completed two of the transactions announced on December 11 2015: Statoil has farmed down to Repsol a [...]
Nynas takes over Shell refinery in Germany January 5, 2016 // 1 Comment Nynas, a Swedish company focusing on producing and selling naphthenic specialty oils and bitumen, has now completed the [...]
Difficult scenario for Petrobras and Brazil’s oil production to 2020- report January 1, 2016 // 1 Comment Marred by corruption and market turmoil, Petrobras, the operator of key pre-salt projects for Brazil’s oil production over [...]
Rosneft, Oil India, Indian Oil sign agreement December 30, 2015 // 7 Comments Rosneft, Oil India Limited and Indian Oil Corporation Limited signed a Memorandum of Understanding for cooperation for [...]
Chevron confirms first production from Congo site December 29, 2015 // 2 Comments Chevron Corporation confirmed that its subsidiary, Chevron Overseas (Congo) Limited, and partners have started production [...]